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AFT sells E5.989bln of BTFs vs E4.4-6.0bln target

FRANCE T-BILL AUCTION RESULTS
  • E2.599bln of 12-week May 27, 2021 BTFs:
    • Average yield -0.606% (-0.617%)
    • Bid-to-cover 3.04x (2.64x)
    • Issuance target: E2.2-2.6bln
    • E2.596bln issued previously
  • E1.494bln of 21-week Jun 30, 2021 BTFs
    • Average yield -0.603% (-0.616%)
    • Bid-to-cover 3.95x (3.71x)
    • Issuance target: E1.1-1.5bln
    • E1.400bln issued previously
  • E0.499bln of 35-week Nov 4, 2021 BTFs:
    • Average yield -0.605%
    • Bid-to-cover 6.46x
    • Issuance target: E0.1-0.5bln
  • E1.397bln of new 51-week Feb 23, 2022 BTFs:
    • Average yield -0.590% (-0.614%)
    • Bid-to-cover 3.53x (3.06x)
    • Issuance target: E1.0-1.4bln
    • E1.392bln issued previously of 48-week Jan 26, 2022 BTFs

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